Indiana’s $132M energy-conservation plan OK’d
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize
their homes and obtain more efficient appliances.
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Local contractor Enterprise acquires Freije
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Local high-end home sales in deep slump
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Hurco suffers quarterly loss as sales plummet
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.
Whirlpool to cut 1,100 jobs, close Indiana plant
Whirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated
in mid-2010.
ISTA insurance fund sues ex-officials
The Indiana state teachers union’s insurance fund has filed a lawsuit alleging former officials, financial advisers and consultants
mismanaged a long-term disability insurance trust.
Purdue business school dean to step down
Richard A. Cosier, dean of Purdue University’s Krannert School of Management for the past decade, plans to leave the post
June 30, 2010, the university announced today.
Humane Society eyes city for $3M clinic
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.
Steak n Shake chief snaps up more shares
Steak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
Shoe Carnival’s profit flat in second quarter
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
Ivy Tech saving facade for classroom building
Ivy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new
150,000-square-foot academic building behind it.
Saturday Evening Post looks to its past in effort to spark revival
The Indianapolis-based magazine, which
publishes every other month, launched a redesign in July reminiscent of its glory days, with a retro masthead, narrative cover
art and fiction writing.
Noble Roman’s wins latest round in fight with franchisees
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
Bloomington’s Kilroy’s opening downtown Indianapolis outpost
Restaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor
space at 201 S. Meridian St., a historic building with luxury condos upstairs.
MainGate Inc. racks up revenue with NFL deals
When Brett Favre signed with the Minnesota Vikings Aug. 18, cheers could be heard at MainGate Inc.’s 7900 Rockville
Road headquarters. Predictably, Favre jerseys went flying off the shelves—about 6,000 in the first 72 hours—and
MainGate gets to keep a portion of those sales. The Vikings are one of six teams the Indianapolis-based merchandising
specialist has signed deals with in 2-1/2 years, making MainGate one of the biggest retail players in the goliath of professional
sports leagues.
HHGregg, other retailers await stimulus jolt
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
HICKS: Clunkers popularity went beyond consumers
The Cash for
Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
MZD to market volleyball sponsorships
Locally based MZD Advertising has signed a contract to market sponsorships and a trade show for the Mizuno Volleyball Mid
East Qualifier, to be held in 2010 in Indianapolis and St. Louis.
HAUKE: Some lessons to share as personal milestones approach
This September
will give me 15 years as a professional in the securities industry. My firm will celebrate 10 years this November.